Labor Capital (machines) Technique (hours) A 10 35 B 25 25 C 10 60 D 30 20 sing the data in the above table, if the price of an hour of labor is $20 and the price of a unit conomically efficient technique for producing 100 sweaters is D. A. B
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- A commercial fisherman notices the followingrelationship between hours spent fishing and thequantity of fish caught:HoursQuantity of Fish(in pounds)0 hours 0 lb.1 102 183 244 285 30a. What is the marginal product of each hour spentfishing?Your lecturer loves her work, teaching Economics. She has been offered other position in the corporate world that would increase her income by 50 percent, but she has decided to continue working as a lecturer in UNIMAS. Her decision would not change unless the marginal _________ a. benefit of teaching increased. b. cost of teaching increased. c. cost of a corporate job increased. d. benefit of a corporate job decreased.3 1- which is an example of an objective a) Find a high-paying job after college b) Gratuate from college next semester c( send resumé to two companies per week d) work for nationally reconized company
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- Kimo is a parent who has $200 in non-labor income. Kimo can earn $10 per hour working between 0 and 60 hours in a week if he works. Draw and label clearly the potential income constraint diagram faced by Kimo What is the slope of the budget constraintI need help with econ multiple hw questions asap! 46) What would be an example of an implicit cost of production? A. the cost of a delivery truck in a business that rarely makes deliveries B. the cost of employee training programs C. the cost of lost income a student could have earned had they not gone to university D. the cost of raw materials for producing bread in a bakery 45)65. A technological improvement that causes an increase in the marginal product of a resource will: A. Decrease the demand for the resourceB. Increase the demand for the resourceC. Decrease the marginal revenue productD. Increase the marginal resource cost